Sustainable palm oil production is the practice of conserving the environment and safeguarding social interests while fulfilling food demand and contributing to poverty reduction. It involves eliminating deforestation and the clearing of land by burning. This approach supports affordable food prices.
What role does oil play in Sudan’s economy?
Middle East and Central Asia Dept. The oil sector has played a crucial role in Sudan¡¯s politics and economy, but Sudan lost 75 percent of crude oil production after the secession of South Sudan in 2012.
How much would South Sudan pay for oil field infrastructure?
The Government of South Sudan would pay US$3.028 billion under the Temporary Financial Arrangement (TFA) to the Government of Sudan for the oil field infrastructure over 3.5 years, or US$15 per barrel of oil produced in South Sudan, until the total amount would be paid.
Who are the major foreign players in South Sudan’s oil market?
Prepared by Qiaoe Chen. CNPC, Petronas and ONGC are the main foreign players in South Sudan¡¯s oil market as well. Both GNPOC and Petrodar are headquartered in Khartoum. GNPOC installed oil production and processing facilities for 5 oil fields in the Muglad Basin of South Sudan. Petrodar has facilities in the oil field of Melut Basin in South Sudan.